Swatch Group: Majority holding in Rivoli Dubai
Technocorp Holding Ltd., a Swatch Group company, is increasing its stake in Dubai-based company Rivoli Investments LLC by purchasing a tranche of shares and is thus taking control of Rivoli Investments LLC.
Swatch Group previously held a 40% equity interest in Rivoli Investments LLC through its Technocorp subsidiary.
Rivoli operates a network of over 360 retail businesses in the Middle East, predominantly active in the watch segment. The company has a workforce of over 1500 employees.
Rivoli shops have for a long time offered Swatch Group watch brands for sale in this region.
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